The Serono Effect

As most of you probably know, biotechnology company Serono, based in Geneva, Switzerland, agreed in October to pay $704 million to the United States federal government to settle charges that it illegally marketed its AIDS drug Serostim. According to newspaper reports, the settlement was the third-largest ever recovered by the government in a healthcare fraud case.

As part of the settlement, Serono Holding Co. entered into what is called a corporate integrity agreement with the

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